Community Lenders Community Development Corporation
- Assets
- $57.3m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 2
- Location
- Souderton, PA
- Founding
- 08/1999
- Data as of
- 06/2024
- EIN
- 23-3002271
Organization Overview
Community Lenders Community Development Corporation is located in Souderton, PA. The organization was established in 1999. According to its NTEE Classification (L12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Housing & Shelter and related organizations. As of 06/2024, Community Lenders Community Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Community Lenders Community Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2024, Community Lenders Community Development Corporation generated $2.5m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.2% each year. All expenses for the organization totaled $2.4m during the year ending 06/2024. While expenses have increased by 3.9% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
COMMUNITY LENDERS COMMUNITY DEVELOPMENT CORPORATION IS A MULTI-BANK LENDING CONSORTIUM THAT PROVIDES LONG-TERM FINANCING IN BERKS, BUCKS, CHESTER, DELAWARE, LEHIGH, MONTGOMERY, NORTHAMPTON, AND PHILADELPHIA COUNTIES FOR PROJECTS THAT ADDRESS THE NEEDS OF LOW AND MODERATE-INCOME PERSONS AND AREAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1999, THE ORGANIZATION HAS SERVED OVER 88 AGENCIES IN SOUTH EASTERN PA. HOUSING HAS BEEN PROVIDED FOR MORE THAN 3,125 INDIVIDUALS AND FAMILIES BY DISPERSING MORE THAN $93 MILLION IN LOANS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Kopenhaver Chair | OfficerTrustee | 1 | $0 |
John Weber Vice Chair | OfficerTrustee | 1 | $0 |
Jeanne Fields Treasurer | OfficerTrustee | 1 | $0 |
Judith Memberg Assistant Treasurer | OfficerTrustee | 1 | $0 |
Judith Hunsicker Secretary | OfficerTrustee | 1 | $0 |
Bruce Knipe Assistant Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,487,219 |
| Investment income | $43,946 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,531,165 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $75,724 |
| Compensation of current officers, directors, key employees. | $37,862 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,259 |
| Pension plan accruals and contributions | $774 |
| Other employee benefits | $0 |
| Payroll taxes | $9,400 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $30,410 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,527 |
| Office expenses | $21,116 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,362 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,866 |
| Interest | $2,258,521 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $424 |
| Insurance | $5,677 |
| All other expenses | $0 |
| Total functional expenses | $2,444,060 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $391,866 |
| Savings and temporary cash investments | $1,196,118 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $35,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $430 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $55,724,220 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,347,634 |
| Accounts payable and accrued expenses | $16,434 |
| Grants payable | $0 |
| Deferred revenue | $35,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $56,532,964 |
| Other liabilities | $0 |
| Total liabilities | $56,584,398 |
| Net assets without donor restrictions | $763,236 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $57,347,634 |